| EUR/USD: Trading the Change in U.S. Non-Farm Payrolls (DailyFX) The U.S. dollar is likely to face increased volatility over the next 24 hours of trading as the labor market in the world’s largest economy is expected to weaken further in July, the data is likely to weigh on the outlook for future growth as policy makers see a moderate recovery going forward. finance.yahoo.com |
Dollar lower vs yen; Japan s intervention not seen (at MarketWatch) The dollar declined versus the Japanese yen and was little changed against the euro on Monday, as Japan s currency gained broadly after key policy makers held a much anticipated discussion but didn t discuss intervening in currency markets to slow the yen s strength. us.rd.yahoo.com |
Gold strengthens overnight as greenback weakens Gold futures nudged higher to a new record as support for the US dollar continued to erode, boosting demand for commodities as an alternative investment.Gold futures for December delivery rose to as much as US$1,314.80 an ounce... nzherald.co.nz |
Economic recovery 'brittle' - Bollard The economic recovery is proving "brittle, uncertain, and full of surprises", says Reserve Bank Governor Alan Bollard.Compared to many countries, New Zealand was hit less hard during the global financial crisis, but any expectations... nzherald.co.nz |
Eurozone growth forecasts cut Economic growth in the eurozone will soften next year before picking up steam in 2012, the European Commission forecast on Monday, amid concerns of a widening chasm between Germany's bright prospects and the continuing struggles of "peripheral" economies such as Ireland, Portugal and Greece. us.rd.yahoo.com |